Guernsey's Position Of Strength - BEPS

Moving from London to Guernsey 20 years ago, I stepped out of underwriting into the fast growing and innovative captive industry.  This was part of Malcolm Cutts-Watson's strategy to move captive management business away from an administrative focus to being technically and strategically equipped. The operational efficacy of the existing industry had to be matched with real insurance expertise – insurance managers needed insurance expertise.

It was a model quickly copied by others because, although Base erosion and profit shifting (BEPS) was not on the horizon in 1995, industry leaders were already forecasting the importance of true insurance expertise to engender substance and technical excellence.